I used to work for camco. I was a manager. One day there was a complaint call from a debtor saying he got a message on his answering machine from a collector and wanted me to hear it.
I listened to the message and it was a collector saying that if the debtor did not call him back by 5pm he would have him picked up by the sheriffs office for theft and fraud of camco. The debtor had his attorney on the phone i spoke to them told them i would take care of it. I got off the phone and notated everything i heard on the tape and everything i was told by the debtor and the attorney.
My boss immediately freaked out and told me i should never notate these sorts of things and yelled at me she ended up putting her notes in to because she said she did not want it coming down on her head. The next day she got another employee to say the call never came in when i was the 2nd person in the office who had talked to the same man.
The president jerry kuebler fired everyone who knew of the call. It was a cover up. They are being investigated by the federal trade commission and did not want anymore heat. I was trained by mario bianchi who now is in schaumburg, il to say that we would place blocks on peoples credit and sue them if they did not pay.
Mario told us that whenever a debtor ask for proof the debt is not theirs to tell them after 3 years the credit card by law does not have to give that information, that after 3 years the burden of proof is on the consumer.
I was also told by manager mario bianchi to tell the debtor that if there is more than one year of payments on an account and there was no fraud paperwork filed after a year that a judge will automatically assume the debt is valid and that the debtor owes it. This was to corner the debtor into forgetting they had a right to still ask for proof of the debt.
Mario bianchi is just one of the many freaks that are managers at camco-i was at the first ever camco managers summit meeting where an outside attorney mr. Riddles actually stood up on a podium and told us all, " the reason we just won a huge lawsuit is that we funnel all of our money through our jamaica office so when anyone tries to sue us, it looks like we are only worth $60,000 when we are really worth $19 million dollars." the jamaica camco offices does something like $50,000 a month in business and gets $65,000 back in bounced checks yet they still keep the office open. Because they are using this office to funnel money.
Duh. I know a lot more than this but this should give you an idea that camco is corrupt and it goes all the way to the top and just for the record the owners are: george othon, then eric woldoff as president then a guy named reese. Jodi othon is george othons wife. George funded this company while he was still the president of another collection agency. He invested in it and when the other collection agency went public and he was no longer president that's when he started funding camco publicly. He owns like 55% of the company.
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